Leighton Subsidiary Executive Arrested in India

Company Calls Complaint Against Raman Srikanth `Unfounded`

NEW DELHI—Australian construction company Leighton Holdings Ltd., said Monday that the chief executive of its Indian mining subsidiary has been arrested and it may lose a large mining contract in India.

Raman Srikanth, the chief executive officer of Thiess Minecs India Pvt., was arrested on Friday following a complaint made by Hyderabad-based Roshni Developers Pvt., Leighton said in an exchange filing in Australia. The arrest is...